Less-than-truckload carrier YRC Worldwide plans to ask for $1 billion in federal bailout money to help relieve its pension obligations, the Wall Street Journal reported Friday.
May 15, 2009Business, Government
YRC in Talks With Lenders
YRC Worldwide Inc. said last week it was talking with lenders about a possible third renegotiation of its credit agreement, and that it had deferred almost $40 million in pension-fund payments.
May 18, 2009Business
Industrial Production Declines 0.5%
Industrial production fell 0.5% in April, the smallest decrease in six months, the Federal Reserve said Friday.
May 15, 2009Business, Government
Consumer Confidence Highest Since September
U.S. consumer confidence has improved to the highest level since September, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
May 15, 2009Business, Government
YRC to Apply for Bailout Funds, Journal Says
Fuel, Business, Government
April Consumer Price Index Unchanged
The consumer price index was unchanged in April, though prices excluding food and fuel rose, the Labor Department said Friday.
May 15, 2009Business, Government
New York Manufacturing Index Improves
Manufacturing activity in the New York region contracted the least since August this month, the Federal Reserve Bank of New York said Friday.
May 15, 2009Business, Safety
Intermodal, Rail Traffic Fall for Week
Intermodal rail traffic fell 21% last week compared with the same week last year, the Association of American Railroads said.
May 15, 2009Business, Safety, Government, Logistics
Bill Would Seek to Boost Non-Truck Freight Modes
Two key Senators introduced legislation Thursday that would increase the proportion of national freight transportation provided by modes other than trucks by 10% by 2020.
May 14, 2009Business
Wal-Mart Reports Flat First-Quarter Income
Wal-Mart Stores said Thursday its fiscal first-quarter profit was flat from a year ago as revenue from its international operations was hurt by a stronger dollar, the Associated Press reported.
May 14, 2009Business, Logistics
Wabash National’s First-Quarter Loss Widens
Trailer manufacturer Wabash National Corp. lost $28.3 million, or 94 cents per share, for the first quarter, compared with a loss of $6.4 million, or 21 cents, a year ago.
May 14, 2009